Digital lending firm Capital Float has raised Rs 10 crore in debt capital by issuing Non-Convertible Debentures (NCDs). The company has issued NCDs of Rs 1 crore each to Indra Shamdas Kalra and Sujatha Sushil Kalra with a coupon rate of 13% each and 8 NCDs to DNG Enterprises at 13.6% coupon rate.
Scouting for a larger round, Capital Float has raised over Rs 85 crore in debt in 2019. (Source-MCA)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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